I agree with your view that the pre open market depth kizo. Such...

I agree with your view that the pre open market depth kizo. Such figures should be only seen as a supporting other indicators. On market even I find it at best a support to sentiment. I do look much more closely at the tighter sp action values traded.

On the notion that burnt long-term people hold and wait for a return to profit, I take the view that setting a stop-loss and shifting to more attractive investments makes more sense.

Therefore I would suggest that there is unlikely to be a barrage of sales by long term holders as we near the 30 cent mark, for the basic reasons that there are probably very few such holders and the fact that this PRR is a totally different proposition IMVHO.

The Risk/Reward and likelihood that fewer will trade PRR has me thinking that there is indeed a good deal of blue-sky here.

Buy to Hold is my call, even as the inevitable T+3 and day traders look to profit.

esp